Pennsylvania Real Estate Investment Trust and Washington Prime Group both struggled to collect rent last quarter because of the impact of the COVID-19 pandemic.
News & Analysis: Pennsylvania REIT
PEI earnings call for the period ending June 30, 2020.
What a difference a day makes on Wall Street, as investors seemingly change their minds on the prospects of a mall recovery.
The market was in a good mood, taking the mall REITs along with it. There's a very good reason for that, and for not getting too upbeat.
PEI earnings call for the period ending March 31, 2020.
The market got a booster shot of good news, but it could be really good for mall owners like Simon.
The pain started with Tanger, but quickly spread to the entire mall REIT sector. Investors are still absorbing earnings.
Sentiment around the outlet center owner is particularly negative, but it isn't the only retail landlord getting hit today.
Investors clearly think the future looks brighter for mall owners than it did just a short while ago. But does it really?
Investors continue to push mall landlords higher, but is Wall Street getting too excited too soon?